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Delhivery: Moderating growth clouds near-term outlook

With continued operating losses and a high cash-burn rate, Delhivery is in a tight position

October 06, 2022 / 11:31 AM IST
Delhivery: Moderating growth clouds near-term outlook

Representative Image.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights: Largest logistics player in the country Revenues grew 32 percent in Q1 on a low base Part truck load business facing some challenges Slowdown in global funding environment to impact consumption Valued at a little over Rs 43,000 crore Delhivery, India's largest integrated logistics platform, has been delivering exceptional revenue growth on the back of solid execution and several inorganic initiatives to scale up the business. Nonetheless, global market trends point to moderation in top-line growth on account of tightening global financial conditions. Losses widen...

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